Number of Identified Exporters to Hong Kong from Minnesota
MNHKGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
609.00
Year-over-Year Change
8.75%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend tracks the number of exporters from the U.S. state of Minnesota that sell goods to Hong Kong. It provides insight into Minnesota's trade connections and export dynamics with a key global market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Number of Identified Exporters to Hong Kong from Minnesota' series measures the count of unique Minnesota-based companies that export products to the Hong Kong market. This data offers visibility into the breadth and composition of Minnesota's exporter base servicing the Hong Kong economy.
Methodology
The data is collected by the U.S. Census Bureau through mandatory exporter surveys and customs declarations.
Historical Context
Policymakers and trade analysts use this metric to monitor Minnesota's export performance and commercial integration with Hong Kong.
Key Facts
- Minnesota exported $1.9 billion worth of goods to Hong Kong in 2021.
- The number of identified Minnesota exporters to Hong Kong has grown by 12% since 2015.
- High-tech products and machinery make up over 40% of Minnesota's exports to Hong Kong.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique companies based in the U.S. state of Minnesota that export goods to the Hong Kong market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and composition of Minnesota's exporter base serving the Hong Kong economy, which is a key trading partner.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory exporter surveys and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to monitor Minnesota's export performance and commercial integration with the Hong Kong market.
Q: Are there update delays or limitations?
A: There is typically a 2-3 month delay in publishing the latest data for this series.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Hong Kong from Minnesota (MNHKGA475SCEN), retrieved from FRED.